Virgin Money has made rate cuts on certain products across its core residential and buy-to-let mortgage ranges.
It has also increased cashback on buy-to-let intermediary exclusives from £500 to £750, for a limited period only. Cashback of £1,500 remains available on its buy-to-let Stamp Duty Buster products.
Key changes to the core residential product range:
- Selected two and three-year fixed rates between 65% and 90% LTV reduced by up to 0.20 percentage points
- Two-year fixed rate at 65% LTV, now available at 1.69% (£995 product fee).
- Two-year fixed rate at 90% LTV, now available at 2.47% (£995 product fee, £300 cashback for next time buyers, £500 cashback for first time buyers).
- Three-year fixed rate at 65% LTV, now available at 1.99% (£995 product fee).
Key changes to the intermediary exclusive buy-to-let product range:
- For a limited period only, cashback on buy-to-let intermediary exclusives has been increased from £500 to £750, with £1,500 cashback remaining available on the buy-to-let Stamp Duty Buster products.
- Intermediary exclusive products are available through all intermediaries registered with Virgin Money.
Key changes to the core buy-to-let product range:
- Three-year fixed rate at 75% LTV, now available at 3.74% (£995 product fee, £500 cashback)
- Five-year fixed rate at 75% LTV, now available at 3.69% (£1,995 product fee, £500 cashback)
- Five-year fixed rate at 75% LTV, now available at 3.79% (£995 product fee, £500 cashback)
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “These latest enhancements to our mortgage range demonstrate our continuing support to both residential borrowers and landlords. We have recently been named as best buy-to-let provider in the Moneyfacts Business Awards and to celebrate this success we are reintroducing £750 cashback on buy-to-let intermediary exclusives for a limited period only.”